Customs exemption for mobile handset parts: amendment creates duty-free classification for handset components and accessories.
An amendment to the customs tariff notification inserts a new table entry providing duty-free treatment for parts, components and accessories of mobile handsets, including cellular phones, classified under any chapter; the entry specifies Nil customs duty and thereby creates a distinct exemption category within the principal notification.

Delegation of Appellate Powers: Appellate authority vested with equivalent Central Excise appellate powers under statutory rule.
The Central Board of Excise and Customs, under clause (b) of section 2 of the Central Excise Act and the cited rule of the Central Excise (No.2) Rules, 2001, vests the Commissioner of Customs (Appeals), Delhi with all powers of the Commissioner of Central Excise (Appeals) to exercise appellate jurisdiction under the Act and rules.

Excise duty calculation for independent textile processors: new plant and machinery additions excluded from original investment value.
The amendment excludes the value of further investment in additional new plant and machinery from the calculation of the original value of investment for independent textile processors who had timely applied for the special payment procedure; increases in hot air stentor chambers or number of stentors remain relevant for duty computation, and the original value of any such further investment must be declared in the prescribed monthly return.

Service tax amendment clarifies insurance agent scope, separating general insurance business from insurance auxiliary service.
The amendment modifies rule 2(1)(d) of the Service Tax Rules, 1994 by substituting wording so that references pertain to activities "in relation to general insurance business" and by inserting a separate clause treating "insurance auxiliary service by an insurance agent" as services provided by any person carrying on the general insurance business in India, thereby distinguishing the tax characterisation of general insurance business from insurance auxiliary services performed by agents.

Specification of foreign currency convertible bonds scheme under income-tax provision makes the 1993 scheme applicable to subsequent assessment years.
Central Government designates the Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993 as a scheme for tax purposes under the relevant income-tax provision, and makes this specification operative for the referenced assessment year and subsequent assessment years, with a formal notification reference for administrative record.

Renewal of recognition granted to stock exchange under Securities Contracts (Regulation) Act for a fixed regulatory term.
Renewal of recognition is granted to the Inter Connected Stock Exchange of India Ltd. under the Securities Contracts (Regulation) Act, 1956, following an application under Section 3 and exercise of powers under Section 4. Recognition is renewed for a specified three year term authorising contracts in securities, subject to conditions that may be prescribed or imposed subsequently, and reflecting regulatory oversight tied to public and trade interest.

Renewal of recognition permits Cochin Stock Exchange to operate for a further year subject to regulatory conditions.
Renewal of recognition to Cochin Stock Exchange Limited is granted under the Securities Contracts (Regulation) Act, 1956 for the period 8 November 2001 to 7 November 2002, following an application and SEBI's satisfaction that renewal is in the interest of trade and the public; recognition is subject to the conditions stated in the notification or as may be prescribed or imposed subsequently.

Disclosure obligations: Acquirers must report acquisitions under regulation 11 when holdings hit specified thresholds.
The amendment adds sub-regulation (1A) to Regulation 7 requiring any acquirer who has acquired shares or voting rights under Regulation 11(1) to disclose that acquisition and the aggregate of pre- and post-acquisition shareholding and voting rights to the company when such acquisition aggregates to specified thresholds. It inserts references to (1A) into sub-regulations (2) and (3) of Regulation 7 and substitutes a higher percentage in Regulation 11(1) for the phrase "exercise more than", thereby raising the trigger level for the action in Regulation 11.

Export of jewellery for exhibition abroad permitted with Development Commissioner approval; unsold pieces must be re imported within a limited period.
Export-oriented and EPZ units are permitted, with Development Commissioner approval, to export jewellery for exhibitions abroad provided that unsold jewellery is re imported within sixty days of the exhibition's closure; units may also supply gems and jewellery to retail outlets in specified international airport departure lounges for sale to tourists in accordance with the Export and Import Policy, the Handbook of Procedures, and procedures prescribed by the Commissioner of Customs.

Excise duty exemption for EPZ/FTZ exports amended to omit specified entries from exemption annexures, narrowing covered zones.
The Central Government directs amendment of specified excise notifications to omit particular entries in the Annexures listing EPZs/FTZs eligible for excise duty exemption, thereby removing those named zones from the exemption schedules and narrowing the scope of qualifying zones.

Export policy amendments permit rupee settlement with specified buyers and expand EOU/SEZ import export flexibilities, subject to RBI approval.
Amendments revise operational rules: imports of spares under a capital goods scheme are capped relative to CIF value; EOU/EPZ/EHTP/STP units with substantial investment must maintain positive NFE; certain units may export to the Russian Federation in Indian rupees subject to central bank clearance; Development Commissioners may approve SEZ unit applications meeting Handbook criteria while other proposals and those needing industrial licence go to the Board of Approval; SEZ units may import duty free all goods required for activities, including second hand capital goods.

Anti-dumping duty on zinc oxide from China imposed, effective from provisional date and payable in domestic currency.
Imposition of an anti-dumping duty on Zinc Oxide imports from the People's Republic of China based on findings of export below normal value causing material injury; duty fixed for products of 99.5% purity with other purities calculated pro rata, effective from the provisional duty date and payable in Indian currency, with exchange rate conversion determined by the relevant statutory notification and the bill of entry date.

Anti-dumping duty on sodium hydrosulphite imposed, with differentiated exporter rates and effect from the provisional duty date.
Imposition of an anti-dumping duty on sodium hydrosulphite from the People's Republic of China after findings of export below normal value and material injury causally linked to those imports; one exporter offered then withdrew a price undertaking. The Central Government, under section 9A of the Customs Tariff Act and applicable anti-dumping rules, prescribed differentiated duty rates by exporter, made the duty effective from the provisional duty date, required payment in Indian currency, and specified use of Government-notified exchange rates with the bill-of-entry date as the relevant date.

Anti dumping duty on Potassium Permanganate targets dumped imports, imposing specified duties on listed exporters effective retroactively.
The Central Government, relying on final findings that Potassium Permanganate imports from China, Hong Kong and Taiwan were dumped and caused material injury, imposed anti dumping duties under section 9A and relevant rules. The notification sets country and exporter specific duty rates, makes the duties effective from the provisional duty imposition date, requires payment in Indian currency, and specifies that the exchange rate for calculation is that notified by the Government with the bill of entry date as the relevant date.

Customs duty reduction on crude palm oil lowers the standard rate via amendment to existing notification.
Amendment reduces the standard rate of duty for crude palm oil and its fractions by substituting a lower figure in the Table entry for the specified schedule item of Notification No.17/2001-Customs, effected under the Central Government's power in section 25(1) of the Customs Act, 1962.

Customs duty change: standard rate for crude palm oil fractions reduced under amendment to Notification No.17/2001.
Amendment to Notification No.17/2001-Customs effected by Notification No.111/2001-Customs (30 October 2001) substitutes the figures in column (4) against the serial entry for crude palm oil and its fractions in the Table, thereby reducing the standard rate of customs duty; the amendment is made under sub-section (1) of section 25 of the Customs Act, 1962 and references the principal notification and its prior amendment.

Exchange rate determination sets official conversion rates for exported goods under customs authority, replacing prior notification.
Fixes official conversion rates for specified foreign currencies for exported goods, superseding the prior Ministry of Finance notification and prescribing, from the stated commencement date, the exchange rate entries set out in two Schedules (Schedule I: rates per one unit; Schedule II: rates per one hundred units) for use in export valuation and related customs purposes.

Exchange rate schedule sets official conversion rates for foreign currencies for stamp duty and customs valuation.
Prescribes an official schedule of exchange rates for conversion between specified foreign currencies and Indian currency to be applied in calculating stamp duty and for purposes of section 14 of the Customs Act as they relate to imported goods; two appended schedules set unit-equivalent and per-hundred-unit rates to be used by customs and stamp authorities for valuation and duty calculation, superseding the earlier notification and taking effect from the stated implementation date.

Corrigendum to Customs notification updates table to add entry identifying a file reference and individual.
Corrigendum to Notification No.54/2001-Customs (N.T.) amends the Table on page 7 by inserting entry 9 as "BZU/E/20/96 Dt.12.5.97 Shri Deepak Dialani, New Delhi," issued under file reference F.NO.437/1/97-CUS.IV by the Under Secretary to the Government of India.

Exemption from Special Additional Duty for gold concentrate imported for refining into gold established by tariff amendment.
Exemption from Special Additional Duty is provided for "gold concentrate imported by a gold refinery for refining into gold" by inserting a new tariff entry into the Table of Notification No. 19/2001-Customs, resulting in nil special additional duty for such imports and specifying the amendment's date of commencement.